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St. George’s, Grenada, 03 July, 2025 – Ariza Credit Union has once again delivered on its commitment to sharing financial success with its members, announcing a total distribution of EC $2,180,290 for the fiscal year ending 31 December, 2024. This return on investment comprises EC $1,179,386 in dividends and EC $1,000,904 in loan interest rebates, with the latter marking another significant milestone for the institution.
The announcement was made during Ariza’s Annual General Meeting (AGM), held on 30 June, 2025, where members gathered both virtually and in person in strong numbers to participate in the governance of their credit union. The occasion was marked by the theme: “Beyond Challenges: Building Resilience, Inspiring Confidence,” a powerful reflection of the institution’s
journey and forward-looking vision.
Sis. Alana Twum-Barimah, in her first AGM as Chair of the Board, expressed heartfelt gratitude for Ariza’s continued growth and resilience despite the unprecedented challenges the organisation faced in 2024.
“We thank God for His guidance during a turbulent year,” she stated. “We recognise Him as Ariza’s ultimate source and continue to stay grounded in our values as we serve our members.” She also expressed, heartfelt thanks to members for their trust, patience and unwavering support.
For the 2024 financial year, Ariza recorded an operating surplus of EC$12,422,976 with EC$5,381,534 remaining as unallocated surplus after satisfying statutory and financial obligations. This strong performance reinforces the institution’s sound financial management and member-centric approach.
CEO Bro. Mervyn Lord reaffirmed Ariza’s commitment to returning value to its members. “This year’s rebate and dividend payout is not just about numbers – it’s about recognising the trust and partnership of our members. We are proud to continue investing in their financial well-being.”
The AGM also marked a change in leadership on the Board of Directors. Long-serving directors Michelle Sayers-Griffith and Peterlyn Cooper concluded their service after each completing two consecutive three-year terms. Bro. Kimani Daniel was re-elected for a second term, while Bros. Francis Robertson and Brian Bonaparte were newly elected to the board.
As Ariza moves forward, it remains steadfast in its mission to empower every member through financial freedom and holistic well-being.
